Lansing Street Advisors Boosts Holdings in Aon plc $AON

Lansing Street Advisors raised its holdings in shares of Aon plc (NYSE:AON) by 66.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,638 shares of the financial services provider’s stock after acquiring an additional 655 shares during the quarter. Lansing Street Advisors’ holdings in AON were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. WCM Investment Management LLC increased its holdings in AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock valued at $809,544,000 after acquiring an additional 6,038 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in AON by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock valued at $11,183,000 after acquiring an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in AON by 425.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock valued at $761,000 after acquiring an additional 1,544 shares in the last quarter. Ninety One North America Inc. increased its holdings in AON by 64.4% during the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock valued at $2,986,000 after acquiring an additional 2,932 shares in the last quarter. Finally, Peak Financial Advisors LLC acquired a new stake in shares of AON during the 2nd quarter worth about $2,464,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Up 0.4%

Shares of AON stock opened at $367.23 on Wednesday. The stock has a market cap of $79.19 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The firm’s 50 day moving average price is $363.98 and its two-hundred day moving average price is $363.47.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.93 earnings per share. On average, analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON’s payout ratio is 24.96%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AON. Barclays reaffirmed an “overweight” rating and set a $420.00 price target (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Wolfe Research began coverage on shares of AON in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Citigroup began coverage on shares of AON in a research note on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target on the stock. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AON has a consensus rating of “Moderate Buy” and a consensus price target of $415.06.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.